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TAX NOTICE FOR CASH IN BANK
Maryland man wins $1 mn Massachusetts Lottery but gets $650,000 only. Here's whyDuring a family visit, a lucky Maryland resident hit the jackpot, winning a million dollars in the lottery. Opting for a cash payout, he re...- 7 debit cards with complimentary airport lounge access in 2026: These might just be sitting in your wallet! 3 are without minimum spend criteriaCredit cards aren't the only way to unlock free airport lounge access. Discover 7 debit cards from ICICI, HDFC, SBI, PNB, IDFC First and Ba...
- Chennai property owners: Received a higher property tax notice? Here's what the revised GCC notice means and how to challenge itChennai property tax increased? Chennai property owners receiving higher tax demands need not panic. The Greater Chennai Corporation has cl...
- Delhi High Court notice to Centre on 107-year-old Central Secretariat Club's plea against derecognition, evictionThe Central Secretariat Club faces eviction after its recognition was revoked by the Department of Personnel and Training. The Directorate ...
- Rs 1.33 crore cash deposit, no ITR filing, yet senior citizen wins income tax case; ITAT Bangalore explains whyRetired teacher from Mysore deposits Rs 1.33 crore cash in bank, files no ITR; tax dept issues notice; he wins case in ITAT Bangalore as ta...
- Property dealer deposits Rs 54 lakh cash in bank, files no ITR, gets tax notice, does not respond, wins case in ITAT Delhi; Know whyProperty buyers gave Rs 54 lakh to property dealer who deposited it in his own bank a/c; dealer gets tax notice, he fights and wins case in...
- NFO Alert: Zerodha Fund House launches arbitrage fundZerodha Fund House has launched its Arbitrage Fund, an open-ended scheme targeting equity and derivatives price gaps. The NFO closes August...
- Presumptive taxation for professionals: The 50% rule remains-but what changes for deductions and losses under the new tax Act?The 50% presumptive taxation rule for professionals largely continues under the new Income-tax Act. However, Section 58(4) introduces a wid...
- Man did not disclose UAE bank account and foreign shares in ITR, I-T dept imposed Rs 1.86 lakh penalty; He escalates the case but ITAT Delhi offers no reliefDubai connection: Man claimed friend sent money to Dubai Emirates NBD bank a/c to start business but didn't disclose foreign assets in Sche...
- Income tax notice: Filed ITR before July 31? 5 reasons you could still get a notice
- Sold property for Rs 94 lakh despite a stamp value of Rs 1.93 crore, received an income tax notice under Section 50C; ITAT Chennai grants relief for this reasonChennai man sold property for Rs 94 lakh despite Rs 1.93 crore stamp duty value; so tax dept sent notice u/s Section 50C to tax the differe...
- REITs set to gain tax flexibility, cash flow boost under new BillIndian REITs could gain greater tax flexibility under the Taxation and Other Laws (Amendment) Bill, 2026, which allows SPVs to opt for conc...
- 6 reasons you may get income tax notice even after meeting July 31 ITR filing deadlineFiling your income tax returns punctually doesn't guarantee immunity from tax department notices. Often, discrepancies arise between report...
- How companies create fake cash in books, and take investors for a rideCash is the item on a balance sheet that most investors accept without argument. Revenue can be recognised early, inventory can be overvalu...
- Parliament Monsoon session: Opposition continues protest over alleged police action against studentsOpposition MPs protested in Parliament over alleged Ram temple donation theft. They also demanded a statement regarding police actions agai...
- Can you get income tax notice for making digital payments through UPI, NEFT, RTGS, and IMPS? Know when it can be triggeredDigital transactions like UPI and NEFT can trigger income tax notices. These notices arise when transactions do not match your declared inc...
- Birbhum cash haul: Bengal Police raids in-laws' house of absconding stone trader Tulu MondalWest Bengal Police searched absconding stone trader Tulu Mondal's in-laws' homes. Investigators recovered a suspicious bag during the searc...
- Building an emergency fund? Here's when a sweep-in FD beats a liquid fund & when it doesn'tSweep-in fixed deposits and liquid funds offer better returns than savings accounts. Sweep-in FDs provide immediate access for money needed...
- FISME seeks GST overhaul to ease MSME complianceFISME seeks Goods and Services Tax reforms to ease MSME compliance burdens. They propose a safe harbour for input tax credit and faster GST...
- Filed your ITR? Here's how to check for notices and avoid costly penalties
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